HomeMy WebLinkAboutHuron Expositor, 1999-09-01, Page 7S -THE HURON EXPOSITOR. September 1, 141“
News
Some property owners in for shock
when interim tax bills arrive soon
By Scott Hilgondorff
Expositor Editor
• A few commercial or industrial property
owners could. be seeing some hefty tax
increases in the next couple weeks as interim
tax bills are sent out. -
Thea increases follow what town officials
call a "complicated •mess" created by. the
• provincial government more than a year'ago
and Seaforth is still trying to catch up to the
problems provincial changes created with
determining tax bills. •
The entire province underwent, a property
reassessment ,that. in /some areas like
Toronto. saw hyge increases toproperty
taxes. Partially in response' to this, the
/province set outlast year a 10 per cent cap on
. property tax increases and a five per cent cap
for this'year and one last five per cent cap for
next -year. -
However. because of legistlated changes in
-how taxes are collected, many of which were
not in place in time for municipalities to
prepare proper tax bills. some commerical.
industrial and multi -residential property
owners experienced increases of more than
the allowed'_10 per cent last year.
Now; to correct this. others who received
significant decreases through their
reassments' are going to experience, a
clawback. For a few. this will mean a much
higher tax bill than. anticipated. This
clawback compensates for those who were
taxed above thg 10 per cern cap last year.
who will be receiving reducuons_.in their
property taxes. - •
These tax changes .have to be revenue
neutral county -wide. meaning none of those
taxes generate dollars to be used by the
county or municipalities.
. it does not" apply to the municipal portion
of a person's tax hill and council expressed
•concerns at its Sept. 17 meeting that the
province is"to blame for this situation and not
the municipality. .
It's,going to be.a shock in some eases."
Administrator Jack McLachlan said at that
.meeting.
I. "I don't know why Canadians don't have a
tax revolt." said Mayor Dave Scott.
But: in essence. the property owners
receiving a hefty bill this time should still see
an overall savings. however small. if.the
look at this bill and the previous one
together.
'They'll still end up with a decrease but
not.as large as anticipated." McLachlan told
The Expositor.'
However, it can still mean a. larger than
expected bill, for those who received targe
i reductions last year.
There will be eight multi- residential
properties. receiving decreases -while one
receives, an increase.
Seventy-three commercial pioperties will
see a decrease while 13 will experience an
lnc&rease. • .i r
_Seven industrial properties will. decrease
while 13 will increase.
While the effects of these changes are onls-
about to be experienced. this is actually the
' second year of three in which the 10 per cent.
five per cent and five per cent increase limits
are in place:
The adjustments in the interim bill that is
about to be sent out,affectlast year's interim
tax bill and further effects coul4 be seen in
this year's tax bill and. finally: next year's.
Mit Harris photo
local plowing match officials
and political dignitaries helped
unfurl° giant Canadian flog at
the International Plowing
Match site near Dashwood,
Thursday in preparatipn for
this month's gigantic event.
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COUNTY OF HURON
1998
AUDITORS REPORT
Tome 445^ 4•s c Cart. 1^nabsar:s toe Rv.oay vs
C. tie CCMC'e or C.1,0 Ca.ry C. H u'br
We nave auseen t'.e :c sadVaC :aa^ce sea c' -e C7pc•a'<^ :• •^e -., :• H-•er as a: Oscar -tee" 3• '998 a•+c t•'e
torso -oa:e.'. f'ate's"t c' :ee•at:"s 'c: ^e yea :-e^ e-ce: --ese s•a•e-e^•s a'e 11.1 •t'ee's c •, d the ecunty f
ma^ager-e'• Dur 'esco'ts0.Mty s tc e,Z"ess a^ cat -or 01' ••'ese'-a-:a ra•e-etts useo r :..• a;.W .
We cor•.o..- ec oil' male a' aecoroarce wee preys $ axeotec a., :- s•a^twos Those ra^:a^.s sec. to '^a' we via, a r..:
pe'w*, a- axis se ooear. 'eisorap. assu'a"c. e'er Ir-e',A'•`a s'a'e' -e -s a•e''ee : -awe -'''°•smart Ar a.F'
tAY4Oes e.a^-r .q d• a test bass w0eiue s.eoc^r'p ••v a ^''s a^c osccs: es .• Te '"a-: a rate-e^•s A. aunt a s-
S
opnCn
.FINANCIAL HIGHLIGHT
Goas,scn p+ta•c
rxo.r0es assess.+p rte aO o 5 np prr+coes used arta 19 rt.c1 es a•es -ace by ^'°rape' -e as le as e.a ate'p cve'a
Fetanc•a1 stater"ern presenta1 on
I" out mese cor'soea•ec'ra-cal. sta•e-e-- s nese^' 'a'- .'e', -at -ca oossor c' :"e Coroo•a• y :• •-e
_ Mrr_pr:yS et_De bei 31 ' 914 a -e 1-• 'assts :' 's cce'a:C'` b' t' yea. 1 e e^Oeo .+ a:co'G-ce « r •-e
---- o,r,cv+s'ekscse:--oce'•z'-s'-a•ti�a'i1a'e e's __ _ _
Consolidated Statement of Operations
for the year ended December 31, 1998
Budget A.lual Actual
1998 v4 . 947.
5 5 s
Sources of Financing .
Requisition nn 1.ocal Municipalities
Grants
('",,cmntcnt.of Canada
1'n s n.c of Omani/ '
(hher municipalities
Other.
Insestrtient Income •
Fees and sentx charges
Rents
• Sale of Equipment.
\Iistellancous
Fund Balances at: the Beginning
of the %ear
. To he used to offset tasam•n
•
ADnlird Te
Current Operations
General gosernrrtent
Protection to penons and lsnspert%
protectne inspection
• emergency measures '
Transponation sen ices
EA% trohmental'snits'
Health tenxe •
Social and family sensces
Rtcreatttxt and cultural sen ices
('fanning and drseloprttent
Lam
'General gosemnsent
Transportation unites
fkahh service
Slxul and family senses'
Rec'reatton and euhural services
Planning and destlopiu.nt
Net Appropriations to deem) Reserves
and Resent Funds
Fund Balances at the End or the Year
To he used to offset Caution
' 1)42.115.
14 114.1 t1
515 96.2
640.2412
. ?.715020
921.482
297.7cx
- 71- '44
. 18.402.098
689.581
25.897.506
441.356
688:140
1.312.6414
919.582 •
'297.758
289.6081
95.717
1 5.542. 5x9
511.847
104.681
l S0.1,00el
91.1.278"
121 ratio
603:2711 671:122
c; •r:. 5 1 1, 51.612.495 11 421.874
"I' 457
250.1481
70.894
9.2412,549
11x!.(00
971,039
28.728655
• 1.854.070
1.581.251
2 lir, :tot 1.51341'1
'11\4I
5• "5
8.151.141
85.084
4,297,411
26.862.132
1.789,008
1.526.661
204;018
(,
255.09);
I•49 sta.
1.803.865
11,447.999. .
2.006:369
1.642.484
49,817.945 45,171,115 25.096.787
181000 ,
594.000
10.000
114.000
79.000
22.'x/0
183,081
591.688
29.936
113.839
78.974
21.696
1.022.000 1.021.214
3.082.558 4:I41.55A
51922 511
114.527
375.666
118.102
184.256
101.095
8.978
1.308.624
4.418.198
1 078.4(8 • 608.270
51.612 495
11 421.879
Arg.04.4- *Icsiordo
Ao,.;3C '999 C-a^e'e:,s:::.r•a-•s
Consolidated Balance Sheet
as at December 31, 1998
4v'
5
►'seta
Unrestricted
• Cash on hand and in bank r;-'? 1.146. 4.062.996
' Due to general funds from reserve. funds , 31 r,t i I s ' 12. I O4
. Accounts receisable I I/•c.l37 508,114
Other current assets 2t,).196 200.069.
Restricted
Cash on hand and in bank
Insestments •
U'namortized premium idiscount l
Less Due from resent fundsto
general funds
Accounts payable and accrued Isabilit, s
Fund balances at tee end of the year
To be used to offset taxation
. Reserves
Reserve Funds
Reserve and Reserve Fund Operations
Resenue
Transfers and Expenditures
Year End Position of Resents
and Resent Funds
(.v-,958
1'.2.(4110
Z-51.
514,1
II Ios.839
5.483.283
2.189.096
6.48(1.018
426.638i
a
4712.104)
I I A 11.579 • 7.910.172
19.211.328 13.313.655
4.065.503 2.883 526
1.078.408
• 2354.047
,11.513.370
19.211328
7.068.825
2.927.267.
604.270
1.995.487
7.910,172
11.411.655
6.601.898
2.183.700
14.067.417- 9.925,859
NOTES
I. These Financial Highlights reflect the operations. assets and liabilities of the County of
Huron including the following: Huron County Library Board. and the Huron Couly Board
of Health.
2. The Huron Addiction Services Program. the Healthy Babies/Healthy Children Program. and
the Heats Health Program administered by the Huron County Board of Health and funded
entirely by the Province of Ontario are not consolidated.
3. Copies of the audited financial report from which these highlights were extracted may be
.examined at the office of the Clerk -Administrator. County of Huron Court House. The
Square. Ooderich. Ontario.
Carol Mitchell Ken Nal. C.M A.
• Warden Treasurer